Franklin Senior Loan ETF (BATS:FLBL) Stake Lifted by Prevail Innovative Wealth Advisors LLC

Prevail Innovative Wealth Advisors LLC increased its holdings in shares of Franklin Senior Loan ETF (BATS:FLBL) by 29.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 522,518 shares of the company’s stock after purchasing an additional 118,459 shares during the quarter. Franklin Senior Loan ETF makes up approximately 3.7% of Prevail Innovative Wealth Advisors LLC’s portfolio, making the stock its biggest position. Prevail Innovative Wealth Advisors LLC owned approximately 3.57% of Franklin Senior Loan ETF worth $12,679,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp increased its position in Franklin Senior Loan ETF by 1.6% during the third quarter. Stifel Financial Corp now owns 72,961 shares of the company’s stock worth $1,771,000 after buying an additional 1,172 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Franklin Senior Loan ETF by 1,507.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 929,425 shares of the company’s stock valued at $22,557,000 after acquiring an additional 871,596 shares during the period. Janney Montgomery Scott LLC raised its position in Franklin Senior Loan ETF by 8.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 32,284 shares of the company’s stock valued at $783,000 after purchasing an additional 2,481 shares during the last quarter. Truist Financial Corp purchased a new position in Franklin Senior Loan ETF during the 4th quarter worth $1,849,000. Finally, Raymond James Financial Inc. acquired a new position in Franklin Senior Loan ETF in the fourth quarter valued at $7,405,000.

Franklin Senior Loan ETF Stock Performance

Shares of FLBL stock opened at $24.05 on Friday. The stock’s 50-day moving average price is $24.21 and its 200 day moving average price is $24.27. Franklin Senior Loan ETF has a 52-week low of $23.90 and a 52-week high of $24.49.

Franklin Senior Loan ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were paid a $0.12 dividend. The ex-dividend date was Monday, March 3rd.

About Franklin Senior Loan ETF

The Franklin Senior Loan ETF (FLBL) is an exchange-traded fund that is based on the SP\u002FLSTA US Leveraged Loan 100 index. The fund is an actively managed fund investing in USD-denominated senior loans. FLBL was launched on May 30, 2018 and is managed by Franklin Templeton.